+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

How the number of jobs in 32 US industries changed in the past decade

Mar 9, 2015, 20:30 IST

Last year was the best year for jobs growth since 1999.

Advertisement

On Friday, we got the latest jobs report that showed the US economy added 275,000 jobs in February, while the unemployment rate dropped to 5.5%. That marked 12 straight months of job gains above 200,000.

Over the weekend, Bloomberg Chief Economist Michael McDonough tweeted this chart showing where jobs have grown or declined over the last 10  years.

In recent months, there's been lots of talk about the payroll boom and bust in the oil and gas business, which falls under the "mining" category.

But as you can see, big shifts in demographics have fueled a secular boom in demand for health care type jobs.

Advertisement

@m_mcdonough

After the jobs report on Friday, economists at BNP Paribas and Bank of Tokyo Mitsubishi said the economy has achieved full employment: The level at which the unemployment rate is tolerable and is mostly because workers are between jobs.

NOW WATCH: Nationwide's Super Bowl commercial about dead children is about corporate profits ... in a way that we can all appreciate

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article